Your Guide to Sleazy Democratic Party-Backed Banks

Pages: 1 2

Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil.

The fat-cat narrative attacks on Republicans won’t go away by making nice with the White House — or by relying on Beltway journalists to drop their double standards and vet the president’s own bad bank entanglements. Indeed, The New York Times admitted this week that their staff and other political journalists from every major media outlet submit their work to the White House for unprecedented review, editing and “veto power.”

Fortunately, the truth manipulators and message massagers haven’t gotten to this column yet. So, let’s talk sleazy Democratic Party-backed banks, shall we?

Fannie Mae/Freddie Mac. Forget Switzerland. The mother and father of all financial industry outrages are rooted in Washington, D.C. And Obama Democrats are among the biggest winners of lavish, out-of-control compensation packages from fraud-plagued Fannie Mae and Freddie Mac. Obama confidante James Johnson raked in $21 million. Former Obama chief of staff and current Chicago Mayor Rahm Emanuel “earned” at least $320,000 for a brief 14-month gig at Freddie Mac. And Clinton Fannie Mae head and Obama economic confidante Franklin Raines bagged some $90 million in pay and stock options earned during the government-sponsored institution’s Enron-style accounting scandal on the public dime.

Self-appointed banking policewoman and DNC Chair Debbie Wasserman Schultz has, uncharacteristically, kept her mouth shut about these wealthy barons.

Superior Bank. One of the Obamas’ oldest Chicago friends and wealthiest billionaire bundlers, former Obama national finance chairwoman Penny Pritzker, headed up this subprime lender. Even after it went under in 2001 and left 1,400 customers destitute, Pritzker was pushing to expand its toxic subprime loan business. Pritzker and her family escaped accountability by forking over $460 million over 15 years. Obama happily accepted the nearly $800 million in campaign and inaugural funding Pritzker drummed up for him. To protect her family’s multibillion dollar fortune, Pritzker’s enterprises park their money in the very same kind of offshore trusts her candidate is attacking Romney over.

Broadway Bank. In 2010, President and Mrs. Obama personally raised money for their Chicago friend and fundraiser Alexi Giannoulias. As I reported then, Giannoulias’ Greek immigrant family founded Chicago-based Broadway Bank, a now-defunct financial institution that loaned tens of millions of dollars to convicted mafia felons and faced bankruptcy after decades of engaging in risky, high-flying behavior. It’s the place where Obama parked his 2004 U.S. Senate campaign funds. And it’s the same place where a mutual friend of Obama and Giannoulias — convicted Obama fundraiser and slumlord Tony Rezko — used to bounce nearly $500,000 in bad checks written to Las Vegas casinos.

Pages: 1 2

  • Chas Holman

    Ir becomes real clear, real quick.. while reading this..

    That the author doesn't have a clue what they are even writing about, and are just doing a knee jerk hit bit.


      Care to elaborate "comrade"?

      • kong.ming

        Oh it's obvious. Michelle Malkin dares to mention Obama ties to Senate Democrats whose fraud and started the financial collapse, without any socialist feel good buzz words like

        Volker Rule, which will dry up investments for cancer research, AIDS research, energy and agriculture

        The evil 1%, who donate to children hospitals oppressing the innocent 99%, who rape and murder each other while trying to burn down cities and blow up bridges.

        Dodd/Frank, written by Chris "Friend of Angelo" Dodd and Barney Frank who was having sex with GSE board members he should have been regulating.

        The Robin Hood Tax, which will steal money for the mob to spend on pills, heroin, cocaine, crystal meth and all other garbage to shove down their fat mouths

    • kblink45

      Not impressed by facts: data, dates, names, etc.,? But I bet you are swayed by messages: hope, change, warming, robber barons, etc.

      You must be very proud of yourself.

    • Lustmorde

      It becomes real clear, real quick.. while reading this post..

      That the author doesn't have a clue.

  • Rifleman

    Everywhere hussein and the msm attacks, he's more vulnerable to his own charges than Romney. The dp/left/msm are the very ones they claim to warn you about, they just project themselves onto the GOP.

  • WilliamJamesWard

    If Obama was able to go down into Hell and bring back a crew to help him politically,well he
    could not do better, come to think of it, that may be how they got together…………..Willim

  • coffre-fort ignifuge

    Intersting point of view so far !
    I read about that in a security website ragardings safes (coffre fort et armoire forte)
    coffre-fort A2P

  • Achard Baradeer

    I have got some valuable information about the Superior Bank. One of the Obamas’ oldest Chicago friends and wealthiest billionaire bundlers, former Obama national finance chairwoman Penny Pritzker, headed up this subprime lender. I can say that all the people in the world can get this valuable info through this website at all.